Florida-based Trulieve Cannabis reports record revenue

Trulieve Cannabis Corp., a Florida-based multistate operator, posted record revenue of $70.7 million in its third quarter ended Sept. 30, a 150% increase over revenue of $28.3 million during the same period in 2018. Net income rose from $17.5 million in the third quarter of 2018 to $60.3 million in the same period in 2019. The company, a dominant player in Florida’s medical marijuana industry, has benefited from the surge of business since smokable flower was allowed in the state in March.

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